The Extraordinary Shareholders Meeting of July 28, 2005 approved the merger of InBev Holding Brasil S.A. (InBev Brasil) into AmBev.

InBev Brasils merger is part of a process to streamline the corporate structure of InBev S.A. (InBev), and shall result in financial benefits to all AmBev shareholders. After the merger, the goodwill recorded by InBev Brasil, originated from (i) the contribution of Labatt Brewing Canada Holding Ltd. shares on August 27, 2004; and (ii) the acquisition of shares in AmBev under the mandatory public offering, whose auction was held on March 29, 2005, will be amortized by AmBev in up to 10 years, according to the Brazilian tax legislation. The goodwill existing in InBev Brasil totals R$8.5 billion.

Under Instruction 319 of the Brazilian Securities and Exchange Commission (CVM), the tax benefit in connection to the goodwill amortization in InBev Brasil will be capitalized into AmBevs equity, for the benefit of InBev S.A., the shareholder of InBev Brasil, to the extent that AmBev takes such benefit. All AmBevs shareholders have preemptive right to participate in the companys capital increases whenever they take place. The subscription price will be determined at market value, as set by the Brazilian corporate legislation.

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(A free translation of the original in Portuguese)

Unaudited

FEDERAL GOVERNMENT SERVICE

Brazilian Corporate Law

BRAZILIAN SECURITIES COMMISSION (CVM)

June 30, 2005

QUARTERLY INFORMATION - ITRs

TYPE OF COMPANY: COMMERCIAL, MANUFACTURING AND OTHER

01811-2 COMPANHIA DE BEBIDAS DAS AMÉRICAS-AMBEV 02.808.708/0001-07

05.01  COMPANYS PERFORMANCE IN THE QUARTER

For the benefit of all AmBevs shareholders, InBev committed to capitalize, at the end of each year, 70% of the tax benefit resulting from the goodwill amortization. An amount equivalent to the remaining 30% non-capitalized tax benefit obtained will, whenever possible, be distributed to the AmBev shareholders as dividends or interest on net equity.

The Extraordinary Shareholders Meeting of July 28, 2005 approved the merger of InBev Holding Brasil S.A. (InBev Brasil) into AmBev.

InBev Brasils merger is part of a process to streamline the corporate structure of InBev S.A. (InBev), and shall result in financial benefits to all AmBev shareholders. After the merger, the goodwill recorded by InBev Brasil,
originated from (i) the contribution of Labatt Brewing Canada Holding Ltd. shares on August 27, 2004; and (ii) the acquisition of shares in AmBev under the mandatory public offering, whose auction was held on March 29, 2005, will be amortized by
AmBev in up to 10 years, according to the Brazilian tax legislation. The goodwill existing in InBev Brasil totals R$8.5 billion.

Under Instruction 319 of the Brazilian Securities and Exchange Commission (CVM), the tax benefit in
connection to the goodwill amortization in InBev Brasil will be capitalized into AmBevs equity, for the benefit of InBev S.A., the shareholder of InBev Brasil, to the extent that AmBev takes such benefit. All AmBevs shareholders have
preemptive right to participate in the companys capital increases whenever they take place. The subscription price will be determined at market value, as set by the Brazilian corporate legislation.

For the benefit of all AmBevs shareholders, InBev committed to capitalize, at the end of each year, 70% of the tax benefit resulting from the goodwill amortization. An amount equivalent to the remaining 30% non-capitalized tax benefit obtained
will, whenever possible, be distributed to the AmBev shareholders as dividends or interest on net equity.